I would love some advice. We are currently renting a 5 bedroom 2 story home and pay $2380 for our rent payment. Our lease is up in June and if we continue to renew another year they will raise our rent to about $2500. The house we are renting is okay. It’s HUGE for us and costs a lot of money to keep cool, we live in the Miami area so it gets hot. The company that owns it sucks. Says we have to pay for a lot of things out of pocket which is frustrating. We were looking at the possibility of buying a home when our lease is up. We found a one story home with 4 bedrooms and liked the lot and moved forward with the process. Well. because we have a lot of debt our DTI was pretty high. They didn’t say it was a no but it wasn’t a yes either. Then they offered us a different one story and said that if we were to go forward with it they would pay off anywhere from $12, 000-$14, 000 of our debt. No strings attached. They would literally right us a check at closing since we didn’t have a realtor that they would pay they would pay us instead. They are a major housing company so it’s not anything scammy. That’s huge for us. That would free up so much more money a month that we could throw at our snowball. Our mortgage payment would be around $2600 a month but we would also spend less money in our energy bill since we are cooling a smaller house. We would also need to come up with about $5000 to put down and we only have about $2000 left from our taxes that we were going to pay off some more debt. I guess my question is what would you do? It seems too good to pass up that incentive. We would finally be able to get some traction to really throw at our debt and work our snowball. Also if we are to buy this house for the first year everything is under warranty so we wouldn’t have to come out of pocket for anything major. ETA: The housing company just said they they would be able to take $2000 instead of the $5000 for the down payment. Also if we were to continue renting in this home the rent will increase each year. By the 3rd year we would be paying over what the house mortgage would be.